GRACE ASSEMBLY
CHARITY NUMBER:1139873
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

GRACE ASSEMBLY
CHARITY NUMBER:1139873
Contents
Page
Legal and administrative information
Rcport of thc Tru8tCC8
Report OF thc inclcpcnclcnt cxamincr
St2terntnt nf financial actlvities
Balance sheet
Not¢% forming part of rh¢ financial statement5
9&10

GRACE ASSEMBLY
CHARITY NUMBER . 1139873
Legal & Administrative Infotmation
IORIiING NAhlE..
GA
FINANCIAL YEAR
1st September 2022 - 315t August 2023
DIRECTORS/TrL4INAGELiIEfNT COfvlhlIThEE
AT 3111181202_3
Dr (Rti'l Toni ()bavriri
Rev Jcrom¢ ()bod¢
Irs fvl()dupe Obav()ri
..C.hAir
Trust¢¢
Trustee
Address:
41 Epsom Road
l-rn)'dnn
C.RO 4NB
Independent Examiner
Charterbrook Accountiints
Eas}1 Iub (.ro!'dnn
22 Addiscc)mbL Rc)2d
Suite 3.12
CRO SPE
Bat]kers
Barcli}'Bank
Santander Bank

GRACE ASSEMBLY
Report of the Trustees for the year ended 31 st August 2023
Thr Triistees piesent thetr report I￿1th the financiAI stat¢ments oltht chatity for rhe sear Lndtil
g tLTr 10.Artd iumpl! wlth thL thxrity's ttiist dLLd and 1pphtrAblL Ith￿.
OBJECTS
l. Thc adi-anccmcnt of thc Chri5ti2n rcligon cducation
2. IK'clFarc Support tn bcrc2icd fgmiknc5
.1. The nf edu¢2tsnii & suppnrt Fnrynung ￿nple whnse parent
Ffey Frnm melllAI illne85.
4. Tr.TraMpFlisni Oiadin Nlin15tr!'I
5. EbIis%1on fvlcal ()utrcA¢h Frir ihe hr]rncIo%4.
rkshop.4 and kminxr% fi)r c.hurch lLadcrs.
Legal Status, Governance & Management
Board tneeting8 are bi-tnonthly and ensure the puryose of the otganlsatjon is itJ)plenieJ)ted throiigh effective planrring resultingln
the annual Th'ork plan associated resources tn dtliver core projects And 8upport to our vnluteers who are the back bone of our
Funding
Dclii'L'r!' ofourwork pro%ramme Ancl rcIAtcJ CfJ.4t% Arc archici'cd throuxh x mixture olotTennLT And tithc%, A% ￿Pell %% donktion* Irrim mcmbcrs
Public Benefit
Risk Management
Thc Bn<lrd cnslircs thcrc 1$ 9 r15k mgn47cmcnt pTrlic}' which rctlcct5 thc Df risk tD wlllch thc nrpni5Ation bc cxpDscd and a5WClatcd
mitigattng systcms arc placc.

GRACE ASSEMBLY
CHARITY NUMBER:1139873
Report of the Independent Examinet
'e havL miAtd tht fJnAncial stsrLmtnts on pAges ? tu 8 wF￿(h hRvt been prtpaitd undei the RicouttttAg
pvlicics s¢t uut un pabFC 9.
Respective responsibilities of trustees and examiner
the chariti? 8 trii£tee£ !rnu are re8pnn%ible fnr the prepar2tian of Ihe 2ccount£', 3TnU CfJn8ider that the audit
requiretncnt Lbf section uf the Chqrjties Act 2006 dues ilLbt appli.. It Js our responsibjbti. tLb State, un the b￿lS
OE Pr￿ldurLF %PLcJfiLd Jn thL GeiiL'ral DirLCtiUn￿ yiTL'n by thL' Chariry- CommifjsionLr
Acr, whcthcr parttciilar mattcrs hai'c c()mc tc) m1- attcntii)A.
B#818 of opinion
()ur e¥*mination WAS carried out in accordince with the GenerAI Directions b}.. the Ch2ritJ' Commissioners.
An ex¥imiTlltion inclucles 2 rei'iew of the CCOUtiting rtcnrcls kept b} the chitir! xnol & cnmparison of tli¢ iccnunrs
pre%ented ￿'1th thi)%L rec()rd%. It 218() Iiicludes c()nsideMti()t] (Jf unu%u21 items ()r di8cl()%iire8 in ihL Icci)Uilt8,
and ficckliiL￿ L'xplanatic)n4 Er()m !'()u tru8tces ci)ncerningt an5. niattcrq. ThL' pr(ICL'durL'.4 undertikL'n dc) nnt
pr()i'ide all thc cvidcncc thai wi)uld bc rcquired In an Audit, and ci)nse4ucnds? wc dc) ni)t cxprc.55 audit npinJc)n
on the iTlell' g]ven b}. the accaunts.
Opinion
In cc)nnLcti()n ￿th ¢)ur rA#minJti()n, n() mJtrci ha% c()mL t¢) i)ur aitLniic)n'.
111 M,hich xii'es us reasnnable cause tr) believe that in an!? material respect the requir¢n)ents
I tn keep accnuntin£ recnrd8 in accordat]ce ￿'ith 4ectinn 41 af the .￿Ct; and
bl to prepare accounts ￿,1￿ch accord ￿.jth the accnuntin£ records and to coinpl}' with the accountin
requircmcnts ol the Act
ha5 ric)t bccn tnct. i)r
121 ti) ￿h1¢h, In ()ur i)pin1()n. xttentt()n sh¢)uld be drxwn in ()rder to enable a pr¢)per understxndingT (If rhe
Accounrs to be reachecl.
Charterbrook Accountants
Easi'Hub Croido
22 Addiscotnbe Road
SuitL 3.12
Date..
16-Sep-24
CRI Spr,

GRACE ASSEMBLY
CHARITY NUMBER:1139873
STATEMENT OF FINANCIAL AcfIviTIES
FOR THE ￿AR ENDED 31ST AUGUST, 2023
Nntes Restricted
Fund6
UntesttACted
Funds
TOTAL
2023
TOTAL
2022
Incon￿rt¥ regvuices..
Grant
Othcr Inc()mL
Tithe.% & ()ffetinL'
CTltt Ai
Donations
1?,282.(K)
15,282.nn
11,179.00
16,189.00
31,471.nn
16,189.00
11,846.00
23,025.00
l*ss'.
Resources Expended
EvangelisnTr & Hntinrarium
RLtiY
-S&larie8
IA8ur2ncc
Xlelfare Siipport & Lllissinn,Meal
Printtng & Publici¥. & SofTh'are
lotor Run￿n% Eipenbe5
3,350.(M)
9,276.(Kl
3,350 00
9,276.(1(I
5,354.00
7,079.00
859.(H)
i,058.(N)
4,421.(N)
196.(N)
2,971.00
859.no
,058.00
4,421.00
196.00
2 ()71.00
1,231.00
2,300.00
322.00
406.00
750.00
545.00
475.00
837.00
1,026.00
344.00
946.00
'(JlurttLci ExpLn%LS
TLILph()nL & Intcinet
Inolepen(Itnt P.x&niiners fet
C.()nfeYenceslSeii)in&rs
Eguipineni & fvfaterids
Pn8to£e & £t2tifJnen'
Subscription, Tr￿r￿n£ & educational Support
DLVILClatii)n
575.00
1,418.00
1,(16'.
998.1)0
2,220.Th)
5", 5.00
1,418.00
1.66 1.no
998.00
2,220.00
Ilt) & 3
TOTIYL EXPENSES
34,-37.S.(K)
34,-37.f.nO
21,615.00
Nct Incnmin£/lOutLu)iA£l
Balanccs b/f
1,410.00
5,525.00
6,93().IM)
6,93().00
Balances c
If
4,032.00
4,032.00
6,936.00

GRACE ASSEMBLY
CHARITY NUMBER:1139873
BALANCE SHEET AS AT 31ST AUGUST, 2023
Notes
2023
2022
Fixed assets
TAngiblc
IIO& i
2.00
Current ass¢ts
FJel)tors &. Prepas?ment
C.28h at Bank and in hand
(?,l_SI.IK)
6,151.(
82.37.0
8237.00
Crethtors.. amount lalliiig due
rhin niic i-car
Net eittrent asset5 / Cuttent liabiitie8
4,0.30.tNJ
6,934.00
Total assets less current liabilites
Represenied By:
RL%riicto.d Fundb
UnrLstncrcd F'unds
Desi%n*teLI Funils
Total ChArin. Funds
TB
4,032.1
6.¢)36.00
4,032.00
6,9.36.00
W'e ctrtAf!' that the annexed Accounts An ¥iccaordAnie ￿'1th the records. AnformdtAOA dnd txplAni< tions guppkntd b},
and hove our oppr()V01.
SiLmed b}. Order ()E the Board
Rev A ObayotA
Date..
16-Sep-24

GRACE ASSEMBLY
CHARITY NUMBER:1139873
Notes forming part of the financial statements
for the year ended 31st August, 2023
l. kn¢(buntit)gpolicies
la) ArwuntI￿ conveThti(bn
'I'hL finAnilAI &tRtLTnLntb Rri prLVJTcd iitdLr thc illstiiriiRI i¢)st Ll)nvLnU()n Rnd in Jcciird.thLL 11-Ith thL
RcpirtsnLi h! (-'harittc%'
(bl Futtd Accounung
gLnLral i)bjLcttiLS I)f IhL ('.haiiti- and ￿hic11 hai'l nr)t bccn dcslk>lllltLd fi)r i)thcr puTrnti.
I c ) Incoming resoutce$
All Incuming rcsouict5 incluatd in Iht financial %tattiiitnt% ￿.ht￿ Ihc Charitt- is It￿111. ti) thc
IIiCfJmC and thc Inc(Jme (An bc 414lntificd wiib r¢A8iJnAbl¢ Accuf,.ICN'. Plcdgcx are (bnl!- rcc()Lyni%¢d ￿h¢ll thc
amullnt Is ccrtaln.
Id) Resoiirces expended
'.¥￿ndInIrL IS accfJuniLd Fny ritTr 2ccruAI And clg8%ifiLd under rhL hL'gding apprrJpriatL In rh¢ nf
the experJ(lltuie.
Ir) Tangible fLxed assets and depreciation
'.quipmLiIts
[￿r￿tIl￿, Flxtlj￿s & Fitttn
25;;
I CuttentAssets
2023
2Q22
Ikl)fi)rs And PrepA!'m¢nis
CR%h at Bank- Rnd itt hand
6,151.00
8.237.1)0

GRACE ASSEMBLY
CHARITY NUMBER:1139873
Notes forming part of the financial statements (cont'd)
for the year ended 31st August, 2023
3. Tan￿ble fixed assets
Furniture &
Fittings
Mntnr
Vehide
Total
Equipnients
Cost
t 01 Sept ?022
Additions
DJsp05als
8,090.
8,090.CKJ
..It.3lst Jluyst 2023
,09(b.(N)
,090.IK)
DeptecAatiOn
At 01 Sept 2022
LhArgL fr)r rhL }?Lar
()n disp)sals
Jlt_31%t JluLTrust 2023
8,088.tK)
8,088.INJ
8,ORR.tK)
8,088.
Tr4ct book value
.4t.31st AU%￿*t 2023
At.318t AU￿￿t, 2(122
2.IKI
None r)f these asscts ￿'erC acqwred undL'r the ternis of hirL' piuchasc.
4. CREDITORS: Amount f.a llixjg due 74rythin one ye
2023
Co81 of Charitable Activities
Independ¢nt Lx#miners fee
Otli¢r Crtaitors
5". 5.00
1,546.00
475.CK)
2¥.CK)
1,30.1.IHJ
5. NET ASSETh/IDEI.'ICIT) LIETh¥.'EEN I.'UNI DS
21123
2.1122
Restrictea Funds
Unrestricte(l Funds
De8iRnated Fiind
Surplu5/lDLficitl C<iiricd fotviard
4,032.(N)
6,9.36.(K)
4,lJ.32.W
There wee lin ￿ant4 receiiTed duriiig the s'ear
10

NOTF.S I TO 6 FORhl AIN INTF.GIL4L PART OF THF.SF. FINANTLIAL ST.4TF.NfF.f%TS
10